Banks have been criticised by firms and MPs for insisting on personal guarantees to issue government-backed emergency loans to business owners.
The requirement loads most of the risk that the loan goes bad on the business owner, rather than the banks.
It means that the banks can go after the personal property of the owner of a firm if their business goes under and they cannot afford to pay off the debt.
Their main home would be protected but the bank could go after other assets.
Those can include things like personal savings, shares or holiday homes….